TD Bank hires former HSBC Canada compliance chief for financial crimes role

TD Bank has appointed Georgia Stavridis as vice president in financial crimes risk management. This new role follows her tenure as chief compliance officer at HSBC Canada and her recent move to Royal Bank of Canada after its acquisition of HSBC's domestic unit. Stavridis will oversee strategy and performance for TD's financial intelligence unit. This comes after TD Bank's recent guilty plea for violating money laundering laws, resulting in over $3 billion in penalties. The bank has also strengthened its compliance team by hiring several senior executives, including a chief anti-money-laundering officer from BMO and officials from U.S. federal agencies.